FX.co - BTC analysis for February 09,.2021 - Upside target at $48.600 has been reached and potential for the downside rotation

2021-02-09T15:51:56

Relevance until2021-02-11

Further Development

BTC analysis for February 09,.2021 - Upside target at $48.600 has been reached and potential for the downside rotation

Analyzing the current trading chart of BTC found that BTC reached my first upside target from yesterday at the price of $48,600.

Watch for selling opportunities with the downside target at $42,500

Stochastic is in overbought zone, which is another sign for further downside...

Key Levels:

Resistance: $48,700

Support level: $42,500

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for February 09,.2021 - Upside target at $48.600 has been reached and potential for the downside rotation